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- Title
Order Approving the Acquisition of Assets, Assumption of Liabilities, and the Establishment of Branches FRB Order No. 2015-10 (February 27, 2015).
- Authors
Frierson, Robert de V.
- Abstract
The article discusses the approval by the U.S. Federal Reserve Board (FRB) on the acquisition by Banco Popular de Puerto Rico in Hato Rey, Puerto Rico of the assets of Doral Bank in San Juan, Puerto Rico. Topics include the application by Banco Popular of the Federal Reserve Act (FRA), the role of the Federal Deposit Insurance Corp. (FDIC) as receiver of Doral, and the factors considered by the Board for the approval including competitiveness, convenience and needs, and financial stability.
- Subjects
ASSET acquisitions; BOARD of Governors of the Federal Reserve System (U.S.); BANK mergers; BANCO Popular de Puerto Rico (Company); FEDERAL Reserve Act (U.S. : 1913); FEDERAL Deposit Insurance Corp.; DORAL Bank (Company)
- Publication
Federal Reserve Bulletin, 2015, Vol 101, Issue 2, p57
- ISSN
0014-9209
- Publication type
Article